MicroStrategy Becomes Wall Street's Most Heavily Shorted Stock

MicroStrategy has taken the top spot as the most shorted stock on Wall Street, with a net short position of $4.85 billion. This figure accounts for approximately 11% of its market capitalization.

The company's large Bitcoin holdings have contributed to its status as a proxy for Bitcoin in traditional equity markets. As a result, investors often view MicroStrategy shares as a reflection of the cryptocurrency's price movements.